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IMPORTANT 2026 TAX FIGURES FOR BUSINESSES
A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional rules or limits may apply. DEPRECIATION-RELATED TAX BREAKS Bonus depreciation: 100% Section 179 expensing limit: $2.56 million Section 179 phaseout threshold: $4.09 million QUALIFIED RETIREMENT PLAN
HOW THE SOCIAL SECURITY WAGE BASE WILL AFFECT YOUR PAYYROLL TAXES IN 2026
The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA TAX 101
IS AN HDHP PLUS AN HSA A FINANCIALLY SMART HEALTH CARE OPTION FOR YOU?
Health care costs continue to increase. Pairing a high-deductible health plan (HDHP) with a Health Savings Account (HSA) can help. Insurance premiums will be lower
THE 2025 SALT DEDUCTION CAP INCREASE MIGHT SAVE YOU SUBSTANTIAL TAXES
If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill Act (OBBBA) could significantly reduce
BOOST YOUR TAX SAVINGS BY DONATING APPRECIATED STOCK INSTEAD OF CASH
Saving taxes probably isn’t your primary reason for supporting your favorite charities. But tax deductions can be a valuable added benefit. If you donate long-term
4 POTENTIAL TAX BREAKS TO KNOW BEFORE MOVING A PARENT INTO A NURSING HOME
Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance
TAX COURT CASE PROVIDES LESSONS ON BEST RECORDKEEPING PRACTICES FOR BUSINESSES
Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance
THE POWER OF CATCH-UP RETIREMENT ACCOUNT CONTRIBUTIONS AFTER 50
Are you age 50 or older? You’ve earned the right to supercharge your retirement savings with extra “catch-up” contributions to your tax-favored retirement account(s). And
PAYROLL TAX IMPLICATIONS OF NEW TAX BREAKS ON TIPS AND OVERTIME
Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new law changes
NEW RULES COULD BOOST YOUR R&E TAX SAVINGS IN 2025
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA)